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mm2 Asia Ltd. ( (SG:1B0) ) has provided an update.
mm2 Asia Ltd.’s associated company, Cathay Cineplexes Pte. Ltd. (CCPL), has received an Originating Claim from Lendlease Retail Investments 3 Pte. Ltd. for outstanding rental payments related to its lease at JEM, amounting to approximately S$1.98 million, with additional interest charges. CCPL also received a letter of demand from Resorts Concept Pte Ltd for unpaid fees totaling S$577,235.58. The company is actively seeking legal advice and negotiating to resolve these financial obligations, which could impact its financial standing and stakeholder interests.
More about mm2 Asia Ltd.
mm2 Asia Ltd., incorporated in Singapore, operates in the entertainment industry, primarily focusing on cinema operations through its subsidiary, Cathay Cineplexes Pte. Ltd., and other related services.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$32.68M
Learn more about 1B0 stock on TipRanks’ Stock Analysis page.